How Monopsonies Work, Now With More Numbers…
Continue reading "How Monopsonies Work, Now With More Numbers…"
Here are the Victims of Insider Trading, Hope I Didn’t Keep You Waiting Too Long…
We’ve officially gotten to the “actually insider trading is kind of fine” stage of the universe… Opinion | Show me the victims of insider trading. I’ll wait. Opinion | Show me the victims of insider trading. I’ll wait. Meanwhile, take an honest look at the ways the institutions you belong to manage to hoard the … Continue reading "Here are the Victims of Insider Trading, Hope I Didn’t Keep You Waiting Too Long…"
Experimental Pitfalls Are Generally Dumber Than We Imagine, Now With More Dogs
Ok, story time, so go grab your blankie and a beverage… A number of years ago, I taught an econ tutorial entitled “Sex, Drugs, and Rock & Roll”…it was a neat class- as the name would suggest, we looked at papers on birth control, drug legalization, the music industry, and so on. For reasons I’m … Continue reading "Experimental Pitfalls Are Generally Dumber Than We Imagine, Now With More Dogs"
Economic Board Games: Monopoly and Real-Life Economics
Monopoly – the name of both an undesirable economic situation and one of the most popular board games around the world. Robin Williams grasped both meanings, saying “Monopoly is just a game, senator. I’m trying to rule the god-damned world!”. This mischievous word play provokes the question of how the game reflects the economic condition.